Power Systems Research (PSR) is an international research company based in St. Paul, Minnesota, USA. It operates a second North America office in Detroit, Mich., and has offices in five other countries. PSR analysts have been collecting and analyzing global engine and powertrain data and information since 1976, and we use this data to develop targeted forecasts by industry segment and region.
Our team of experienced analysts works with OEMs, engine and component manufacturers, dealers, fleet managers and industry experts to compile detailed and focused data that has become an industry standard. It’s the leading source of global information on engines and power equipment powered by IC and alternate sources. Whether you need detailed global data, forecasts or customized local market studies, we can provide you with Data, Forecasting and Solutions. Let’s start today.
(April 1, 2021)–After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. In fact, we could see GDP growth exceeding 6% this year.
There are many reasons to be optimistic about 2021. Strong readings of macro-economic factors combined with the economic cycle reset backed by the government initiatives and policies support our estimates for the current year and beyond.
Our positive outlook is based on the reviews of the key economic indicators, including GDP, unemployment, and inflation. In our previous forecasts, we discussed recovery trends for the post-pandemic period, stating a return of demand for most markets in 2021, especially during H2 2021.
Based on our analysis of the expected growth trend and the economic reviews in major publications, we think US growth can surpass the growth level from 1984 – the highest one since 1950s.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: With 28% of total units produced, Polaris Industries leads in production four-wheeled ATVs in North America. In second and third positions are Honda and Yamaha Motor with 22% and 19%, respectively.
Current and Future Supply Chain Concerns For Medium and Heavy Vehicles Will Be Discussed
Erik Martin
Chris Fisher
Power Systems Research will produce a one-hour webinar with the Heavy Duty Manufacturers Association (HDMA) discussing current and future supply chain concerns, especially as they affect Medium and Heavy Commercial Vehicles.
When? Wednesday, April 21, 2021 from 1:00 – 2:00 pm ET
What? Future areas of supply chain concerns, secondary effects of logistic and shipping issues, and current economic conditions and demand drivers.
How much? FREE for HDMA members; $100 for non-members
The scheduled presenters include
Chris Fisher – Senior Commercial Vehicle Analyst, Power Systems Research
Erik Martin – Director, Asia Region, Power Systems Research
Richard Anderson – Director, Market Research & Analysis, HDMA
How do I register? By clicking below!
Space is limited, so please register as soon as possible using the REGISTER NOWbutton on the HDMA website at www.hdma.org. If you are not a PSR Client or HDMA Member, an individual registration is $100.
Hope you can participate. During the session, we’ll discuss the future areas of supply chain concerns, secondary effects of logistic and shipping issues, and current economic conditions and demand drivers, especially as they apply to Medium and Heavy Vehicles.
Richard Anderson will present the latest findings from his current PULSE member survey, and the session will conclude with a participant Q&A. PSR
107,250 units is the estimate by Power Systems Research of the number of Snowmobiles to be produced in Canada, Finland, Italy, Japan, and the U.S. in 2021.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Now, you can listen to the leading analysts and editors from Power Systems Research discuss the outlook for powertrain news each Tuesday by region and by targeted industry segments on PSR PowerTALK Podcast.
PSR PowerTALK podcasts include Forecasts by PSR analysts, interviews by PSR analysts with industry leaders and production reports on specific applications produced by Carol Turner, Senior Analyst at Power Systems Research.
You can listen to the PowerTALK podcasts on your favorite podcast provider or by visiting the Power Systems Research PowerTALK Podcast Archive on this website.
Motorcycling in America is changing as industry leaders and new technology competitors are trying to attract newer/younger riders who want something different from Harley-Davidson’s big cruisers or screaming Japanese and European performance bikes.
The changes are in response to younger riders who are attracted to the efficiency and fun of two-wheel travel associated with e-motorcycles, while older riders are losing interest, or simply becoming unable to ride any longer.
At present, e-motorcycles remain a niche market. Riders are typically city dwellers in their early 40s–slightly younger than the average age of a U.S. motorcycle rider, which is 47, according to the Motorcycle Industry Council’s U.S. Motorcycle Owner Survey — and uses the bike to commute.
What changes do you see in the PSR Truck Production Index in the fourth quarter compared to the third quarter of 2020?
Overall, we are seeing stronger momentum for commercial truck orders and sales which bode well for production in Q1 2021.
Supply chain issues will impact short term production as companies are still having difficulty with staffing numbers and various virus protocols that disrupt production. These problems are expected to continue throughout at least the first half of the year.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: With 62.5% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 19.5%; third, Indy Equipment with 10.5%.
Trends: Production of Dumpers/Tenders in NA increased nearly 5.5% in 2019 over 2018, but production is expected to drop 6% in 2020 from 2019. The 2019 increase was based on the strong global economy along with the demand for new products in construction and mining related activities.
The 2020 decline was caused by product saturation in the market and was somewhat related to COVID-19 shutdowns, even though consumers/contractors were still purchasing products.
Dumper/Tenders, commonly referred to as a Power Buggy, are sought after pieces of equipment, much faster than a conventional wheelbarrow and accelerates job site related activities. Expect production to increase up to 5% by 2025. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
What is the current state of electric vehicle technology globally as well as the U.S.?
From a medium and heavy truck perspective, electric trucks are still in the early stages of testing and it will still be a few years before we know if the current technology will be effective. Transit or city buses are much further along in the process since these are largely not for profit vehicles and have more dedicated routes that allow for more consistent recharge.
China is probably the furthest along with electric bus adoption with almost half of all medium and heavy buses produced being electric. While electrified bus adoption in North America and Europe is not nearly as strong as China, demand is increasing.
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